Economic Impact Studies

Economic Impact Studies for Central Minnesota Communities

When a business, project, or event operates in your community, it creates economic activity beyond its own walls. CPRCE measures that activity — the direct jobs and spending, the indirect support to local suppliers, and the induced effect of employees spending their paychecks locally — using IMPLAN, the same input-output modeling framework used by economic development agencies nationwide. Every report documents its assumptions and data sources so the numbers hold up under scrutiny.

Plan Details and Add-ons:

• All plans include: personnel time, software licensing, data analysis, report production, in-region travel, and presentation delivery.
• Basic and Comparative tiers use a simplified 2-3 page service agreement; Comprehensive tier uses a full sponsored research agreement through SCSU Research and Sponsored Programs.
• Add-on services for each tier: additional presentations, council testimony, custom visualizations, multi-year projections, or expedited delivery.

Terms and Conditions

The following is a summary of the terms and conditions outlined in the signed agreement.

1. Effective Date
2. Term and Termination: This Agreement is effective as of the Effective Date and ends on the agreed upon date, unless otherwise terminated or amended in accordance with the provisions of this Agreement or extended by mutual written agreement of the parties.
   1. Termination. Either party may terminate this Agreement upon thirty (30) days prior written notice to the other party. Termination of this Agreement by either party shall not affect the rights and obligations of the parties accrued prior to the effective date of the termination.
   2. If the Sponsor chooses to terminate the Agreement for any reason, the University will retain all funds already paid, and the Sponsor will also be responsible for paying the University for any work completed up to the effective date of termination.
3. Economic Impact Study.
   1. University will use its own facilities and its reasonable efforts to conduct the study described in scope or work.
   2. Sponsor acknowledges the University does not guarantee any specific results or outcomes of the study.
   3. Sponsor further acknowledges that the University may engage in similar studies for other sponsors.
   4. During the Term of this Agreement, any changes in the direction or scope of the study must be agreed to by mutual consent of the Parties.
4. Project Fees and Payment Terms
   1. Contact for and agree upon communication and reporting.
   2. Authorship, Publication and Academic Rights.
      1. Acknowledgement and Authorship: Requestor agrees not to edit the final report and acknowledge St. Cloud State University’s role and contributions to the project within public announcement or notices.
      2. Upon the prior written consent of Sponsor, the PI may publish or otherwise publicly disclose information gained in the course of conducting the Work. University will submit any prepublication materials to Requestor for review and comment at least sixty (60) days prior to planned submission for publication. Requestor shall respond to the University within thirty (30) days of receipt of such materials; provided, Requester shall have the final authority to determine the scope and content of any publications.
   3. Confidential Information. University is subject to the Minnesota Government Data Practices Act, Minn. Stat. Chapter 13. Any information marked "CONFIDENTIAL" shall be treated as confidential/proprietary to the extent permitted under Minn. Stat. 13.37.
   4. Liability. Each party agrees that it will be responsible for its own acts and the results thereof to the extent authorized by law and shall not be responsible for the acts of the other party and the results thereof. St. Cloud State University’s liability shall be governed by the provisions of the Minnesota Tort Claims Act, Minnesota Statutes sections 3.732 and 3.736, et seq., and other applicable law.
   5. Independent Contractor: For purposes of this Agreement, the parties shall be deemed independent contractors and not agents or employees of the other party.
   6. Applicable Law: Minnesota law applies to this Agreement without regard for choice-of-law rules. Jurisdiction and venue shall be in Minnesota state and federal courts located in the State of Minnesota.

Contact Information

CPRCE has produced economic impact studies for organizations including NextEra Energy, Niron Magnetics, the YMCA, and St. Cloud Sky Central Airport, and partners with Greater St. Cloud through an IMPLAN software license arrangement.

To learn more or inquire about a study, email King Banaian, Director.